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Evidenze dell’uso di moratorie e prestiti garantiti dallo Stato nei Paesi europei
[Evidence about Moratoria and Loans subject to Public Guarantee Schemes in European countries]

Author

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  • Forte, Antonio

Abstract

Moratoria and loans subject to public guarantee schemes have been two fundamental measures to reduce the negative impact on the economy of the Covid-19 crisis. This paper, after showing the use of these aids in European countries, proposes an analysis aimed at identifying the determinants of the amplitude of these two measures. The results show that the use of moratoria has been linked to the credit risk situation existing before the crisis, while the use of guaranteed loans has been linked to the intensity of the recession in European countries and to the level of national banking systems CET1 ratio.

Suggested Citation

  • Forte, Antonio, 2022. "Evidenze dell’uso di moratorie e prestiti garantiti dallo Stato nei Paesi europei [Evidence about Moratoria and Loans subject to Public Guarantee Schemes in European countries]," MPRA Paper 113680, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:113680
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    References listed on IDEAS

    as
    1. Massimiliano Affinito & Fabiana Sabatini & Massimiliano Stacchini, 2021. "Collateral in bank lending during the financial crises:a borrower and a lender story," Temi di discussione (Economic working papers) 1352, Bank of Italy, Economic Research and International Relations Area.
    2. Berger, Allen N. & Udell, Gregory F., 1990. "Collateral, loan quality and bank risk," Journal of Monetary Economics, Elsevier, vol. 25(1), pages 21-42, January.
    3. Budnik, Katarzyna & Dimitrov, Ivan & Groß, Johannes & Jančoková, Martina & Lampe, Max & Sorvillo, Bianca & Stular, Anze & Volk, Matjaz, 2021. "Policies in support of lending following the coronavirus (COVID 19) pandemic," Occasional Paper Series 257, European Central Bank.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    moratoria; loans; public guarantee schemes; CET1; NPL;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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